Avista Corporation logo AVA - Avista Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 0
HOLD 11
SELL 4
STRONG
SELL
0
| PRICE TARGET: $38.00 DETAILS
HIGH: $39.00
LOW: $37.00
MEDIAN: $38.00
CONSENSUS: $38.00
UPSIDE: 1.20%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 1.4% below fair value
Current Price $37.55
Bear Case $33.32 11.3% downside ($33.32 - $37.55) / $37.55 = -11.3% $2.38 × 14x P/E
Fair Value $38.08 1.4% upside ($38.08 - $37.55) / $37.55 = 1.4% $2.38 × 16x P/E
Bull Case $42.84 14.1% upside ($42.84 - $37.55) / $37.55 = 14.1% $2.38 × 18x P/E

Adjust Assumptions

16.0x
2.38$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 15.8x

Plain-Language Summary

Applying a 16x P/E to adjusted EPS of $2.38, the base-case value is $38.08 per share. DDM cross-check: $36.34.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (15 analysts) $38.00
Analyst Range $37.00 – $39.00
Divergence from AlphaVal 0%

Warnings

The company pays out 83% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples